Then insurance is an additional hedge for against total loss.Reducing risk in how well you operate, ensuring safe grounds & premises is important, then as well as reducing the amount of inside & outside liability you generate can help avoid instances of needing to submit claims.

Quote from @William Whitley: I have an investor client that purchased an improved property for rental and it included an additional lot.

While a tax professional or your custodian should be able to provide some additional information, here a few key things to help you on your journey:1. 

Dan is right, OOS is hard and you will face an additional cost burden local investors don't have.

They blew up our loan with 2.5 weeks to go by not properly disclosing fees, the broker was hard to reach, didn't get info to us as he should have and at the end was going to charge additional fees for a return trip appraisal because of their own error in not disclosing the lender requirements for the appraisal. 

We regularly add walls to create an additional bedroom, instantly increasing the rent ceiling for Section 8.4.⁠ ⁠

I’m now exploring additional ways to keep occupancy strong—such as veteran housing programs, OPWDD, immigrant housing, or other referral sources—so if anyone has leads or contacts, I’d appreciate it.

Additionally, investor-friendly policies, including no state income tax, enhance appeal for out-of-state buyers.However, pushback on investing in Texas often centers on market-specific risks.

Definitely agree that this region is under-served on BiggerPockets — happy to explore how local permitting and engineering factors could support additional pipeline deals here. lets hop on the phone and chat later this week I am in the mountains of Utah fishing right now.. later this week will work though

Even if appreciation is slower, you can buy sooner, learn faster, and reinvest cash flow into additional properties.